PHENIX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PHENIX
Largest movements
- Tangible fixed assets -€10,491
down €10,491 (-11.7%), from €89,469 to €78,977
of which Plant, machinery and equipment: -€7,638
- Cash +€4,182
up €4,182 (+110.9%), from €3,770 to €7,951
mainly Depreciation (+€10,491) and Net result for the year (+€8,968)
- Receivables within one year -€3,161
down €3,161 (-13.6%), from €23,224 to €20,064
of which Trade receivables: -€2,636
- Other debts -€8,422
down €8,422 (-20.2%), from €41,649 to €33,227
- Reserves +€8,000
new in 2025: €8,000
- Debts after one year -€7,318
down €7,318 (-47.1%), from €15,545 to €8,227
- Trade debts -€6,534
down €6,534 (-81.6%), from €8,012 to €1,478
- Accrued charges and deferred income +€1,460
up €1,460 (+539.3%), from €271 to €1,730
- Taxes +€967
up €967 (+28.5%), from €3,388 to €4,355
- Gross operating margin +€769
up €769 (+2.7%), from €28,066 to €28,835
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,124 | €108,500 | -€10,624 | -8.9% |
| Fixed assets | 21/28 | €89,469 | €78,977 | -€10,491 | -11.7% |
| Tangible fixed assets | 22/27 | €89,469 | €78,977 | -€10,491 | -11.7% |
| Land and buildings | 22 | €73,203 | €70,350 | -€2,853 | -3.9% |
| Plant, machinery and equipment | 23 | €16,265 | €8,627 | -€7,638 | -47.0% |
| Current assets | 29/58 | €29,656 | €29,523 | -€133 | -0.4% |
| Amounts receivable within one year | 40/41 | €23,224 | €20,064 | -€3,161 | -13.6% |
| Trade receivables | 40 | €16,292 | €13,656 | -€2,636 | -16.2% |
| Other amounts receivable | 41 | €6,932 | €6,407 | -€525 | -7.6% |
| Cash at bank and in hand | 54/58 | €3,770 | €7,951 | +€4,182 | +110.9% |
| Deferred charges and accrued income | 490/1 | €2,662 | €1,508 | -€1,154 | -43.4% |
| Total equity and liabilities | 10/49 | €119,124 | €108,500 | -€10,624 | -8.9% |
| Equity | 10/15 | €43,197 | €52,165 | +€8,968 | +20.8% |
| Contributions | 10/11 | €19,444 | €19,444 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €23,754 | €24,721 | +€968 | +4.1% |
| Amounts payable | 17/49 | €75,927 | €56,335 | -€19,592 | -25.8% |
| Amounts payable after more than one year | 17 | €15,545 | €8,227 | -€7,318 | -47.1% |
| Financial debts | 170/4 | €15,545 | €8,227 | -€7,318 | -47.1% |
| Amounts payable within one year | 42/48 | €60,112 | €46,378 | -€13,734 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €7,062 | €7,318 | +€255 | +3.6% |
| Trade debts | 44 | €8,012 | €1,478 | -€6,534 | -81.6% |
| Suppliers | 440/4 | €8,012 | €1,478 | -€6,534 | -81.6% |
| Taxes, remuneration and social security | 45 | €3,388 | €4,355 | +€967 | +28.5% |
| Taxes | 450/3 | €3,388 | €4,355 | +€967 | +28.5% |
| Other amounts payable | 47/48 | €41,649 | €33,227 | -€8,422 | -20.2% |
| Accrued charges and deferred income | 492/3 | €271 | €1,730 | +€1,460 | +539.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,491 | €10,491 | = | 0.0% |
| Other operating charges | 640/8 | €4,107 | €4,229 | +€123 | +3.0% |
| Gross operating margin | 9900 | €28,066 | €28,835 | +€769 | +2.7% |
| Operating profit (loss) | 9901 | €13,468 | €14,115 | +€646 | +4.8% |
| Financial charges | 65/66B | €1,034 | €792 | -€242 | -23.4% |
| Recurring financial charges | 65 | €1,034 | €792 | -€242 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €12,435 | €13,323 | +€888 | +7.1% |
| Income taxes | 67/77 | €3,388 | €4,355 | +€967 | +28.5% |
| Profit (loss) for the period | 9904 | €9,046 | €8,968 | -€79 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,046 | €8,968 | -€79 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.